Omnitech takes on the inorganic route

Shashwat Chaturvedi

MUMBAI: Mergers & Acquisition (M&A) bug seems to have bit the mid-tier IT segment as well. It is not only the hoi-polloi that are acquiring firms or getting acquired, even the mid-level ones are testing out inorganic ways of growth. Take the instance of Mumbai-based Omnitech InfoSolutions. It recently acquired another company, ESI (EdVenture Systems Inc.) for $1 million in a cash/stock deal.

Says, Atul Hemani, chairman & MD, Omnitech InfoSolutions, "We had partnered with ESI for over a year and after due diligence, we realized that synergies between Omnitech and ESI were matching and we could achieve great things together."

Omnitech is an IT services provider, with a special focus on the Infrastructure Managed Services (IMS) domain. With the acquisition, the company seems to be killing two birds with a single shot. First up, it is the skill sets brought by ESI on the table. "ESI will act as testing division at Omnitech, headed by its founder Anurag Shah," says Hemani. The company is also looking at solving the expansion issue, ESI had a presence in Pune and Omnitech was looking at expanding its reach in the region. "We have very few overlapping customers. Thus the merger fits the bill," he adds.

Omnitech is also looking at a new emerging trend in IMS, namely BOT (build-operate-transfer) model. "We have a few customers for our BOT offering, serviced out of our office in Mumbai. We intend to have around 12 customers by the end of the year," adds Hemani.

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